Foreign Exchange Activities of Sonali Bank Limited

Abstract

The banking system plays a critical role in underpinning economic development. Against the background of financial sector reform policy in Bangladesh, Sonali Bank Limited (SBL) has resulted in great success in all areas of operation with a view to improve the socio-economic development of the country. Banking is very important sector for the development of any economy. Sonali Bank Limited is one of the most renowned banks of our country, which is successfully operating, from several decades. For the keen interest on my university as well as the bank I have worked in the Foreign exchange activities. I have chosen this topic of my internship report because it helps me to practical acquaintance on the Foreign Exchange Activities. Secondly I tried to identify the problem and find out the solution to the shortcoming foreign exchange activities and provide suggestion that may supportive for the betterment of the system thought comparing it with other banks. This help to know the overall function of the Sonali Bank Limited. While I work on the foreign exchange, I had to know foreign exchange department. I have shown different types of account that are provided by the SBL as well as the procedure of opening, maintain and closing of them. All the aspects of remittance are also covered. Others services which are provided by SBL are described in the theoretical part. To fulfill the objective I have done the analysis of some numerical data and showed them with the help of significant graph. Necessary recommendation is provide to hold the services, which are accelerated by the bank according to the analysis ofthe report. SBL isinstitutions thisis not only serving people and special service but also with great coverage. For this reason, the profit of SBL is drastically increasing from about the last decade, which is clear from the analysis of this report.